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- W191652442 abstract "According to J. Sawhill of the Department of Energy (DOE), Exxon Co. U.S.A.'s proposal to help finance the $13.2 billion Alaska gas pipeline is sufficiently detailed to serve as the basis for further discussion. Exxon proposed that the Prudhoe Bay producers contribute 40Vertical Bar3< of the equity base for the Alaskan portion of the project, each of the three companies (Exxon, Standard Oil Co. of Ohio, and Atlantic Richfield Co.) contributing in proportion to its interest in the reserves. The producers would buy 40Vertical Bar3< of the Alaskan portion of debt on terms equal to those accorded other project investors. Exxon also proposed that the North Slope facilities for conditioning the gas to pipeline transmission specifications be a part of the over-all transportation system so that the cost of conditioning the gas would be carried by the pipeline rather than by the producers. The U.S. Federal Energy Regulatory Commission decided that the producers, rather than the pipeline, should bear the gas conditioning costs, but Energy Secretary C. Duncan has asked the Commission to reconsider this decision. In addition, the Administration has forbidden equity holdings by producers on antitrust grounds. The two producers besides Exxon have not agreed to the planmore » but have termed the plan feasible and expressed interest in DOE's response.« less" @default.
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- W191652442 date "1979-11-05" @default.
- W191652442 modified "2023-09-27" @default.
- W191652442 title "Exxon offers financing for Alaska gas line" @default.
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